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NorthBridge Raises $950M for NB Partners Fund IV
Boston-based NorthBridge Partners and Park Madison Partners have announced the final close of NB Partners Fund IV, LP, surpassing its original $800 million target with nearly $950 million raised.
The fund, oversubscribed, attracted a mix of investors including pensions, endowments, insurance companies, and family offices. Fund IV continues NorthBridge’s value-add logistics strategy, targeting coastal U.S. markets with high population density and port activity.
“We are extremely grateful for the support and confidence from both existing and new investors in Fund IV. We believe that the combination of strong secular tailwinds for infill industrial real estate set against a backdrop of dislocated capital markets makes for a particularly favorable investment environment,” said Greg Lauze, managing partner and CIO of NorthBridge.
- ◦Financing
